Sensex Plunges Amid Crude Price Spike

The Indian stock market began Monday on a weak note, tracking global cues as US-Iran tensions pushed crude oil prices higher. The Sensex fell 223 points to 77,041 and the Nifty slipped below 24,100.

Brent crude futures jumped around 2.5% to $90 per barrel, which is a key concern for India due to potential inflationary pressures and impact on corporate margins.

HDFC Bank's CEO Sashidhar Jagdishan announced his exit, with his term ending in October, and the stock may see heightened volatility as investors assess potential candidates and implications of the leadership transition.